Tag: usd trading

Forex Technical Analysis The usd to cad daily chart is once again delicately balanced as the forex pair try to recover and rally higher, following the steep falls of the summer months, with yesterday’s candle making a brave attempt to find some support in an...

Forex Technical Analysis Yesterday’s candle on the usd to cad daily chart, suggested that the recent attempt to rebase and squeeze higher may have come to an abrupt halt, as the forex trading session closed with a bearish shooting pattern. The upper wick of the...

Forex Technical Analysis Forex analysis of the USD to CAD daily chart is giving us some mixed forex trading signals at the moment, with Friday’s candle suggesting a bullish tone, whilst in contrast Thursday’s bar indicated a bearish sentiment in the market. If we start...

Forex Technical Analysis Today’s forex analysis for the usd to cad pair starts with the candle which replicated that of Monday in that it ended the trading session on a narrow spread body but with a deep upper wick, the only difference between the two...

Forex Technical Analysis Yesterday’s rally in the dollar cad pair was somewhat muted given the sharp sell off in equities and commodities as the session ended on narrow spread up bar with a deep upper wick suggesting a move that lacks conviction, a view reinforced...

Friday’ candle on the usd to cad daily chart, made a brave attempt to struggle higher once again, and to try to continue the short term reversal which was signalled on Tuesday with the gravestone doji candle. With such deep resistance ahead, this seems unlikely...

An interesting day for the dollar to cad currency pair on the daily chart yesterday as, once again, an effort to rise by the US Dollar was promptly squashed by the Loonie Bulls. The trading session ended the day with prices marginally higher but with...

Yesterday’s comeback by the US Dollar against the Loonie is hardly surprising given the strength and depth of its recent fall with the pair ending the trading session on a bullish “gravestone” doji candle which is often the signal for a short term squeeze or...

The usd to cad currency pair was yet another beneficiary of the current round of “dollar bashing” which was seen across the entire market yesterday. The commdollar pair finished the trading session on a wide spread down bar, having broken below the interim support level...

Despite the fact that it was a national holiday in Canada today, the usd to cad was not protected from the further weakening in the US dollar which was felt across all the major currency pairs, as investor appetite for risk continued unabated, with the...